Real-Time Payment Services
Making your real-time payments connection possible
Meet member expectations and remain competitive in today’s digital payments marketplace by adding real-time payments to your suite of payments solutions. Sherpa can establish a real-time payments connection with your credit union through a simplified API that can be integrated into various products and/or services, including consumer banking/payment applications and small business solutions.
“The speed at which consumers, businesses and governments switched to digital payment preferences in 2020 shows that the final grip of cash (and even checks) on the U.S. has been broken. There has never been a more opportune moment for financial institutions to win customers with new value-added services that ride the real-time rails.”
–ACI Worldwide and GlobalData 2021 Prime Time Report
Offering an open, flexible real-time payments connection
Sherpa uses an open-payment platform to offer a real-time payments connection that isn’t limited in the payment messages and integration services it can support. As a certified Third-Party Service Provider (TPSP) for The Clearing House, we can connect you to the RTP® network and, as a FedNow™ pilot participant, we are developing the capabilities to add that connection once the service launches.
Our core-independent platform future proofs your payments modernization growth and offers optimum autonomy for your credit union to integrate real-time payments messaging with a diverse suite of front-end digital experiences. Further, we can also work with your credit union to enhance its overall payments offerings and seamlessly combine a diverse set of payments as options, such as ACH, wire, debit and real-time payments, so your credit union can offer its members the payment method of their choice across a variety of payment channels.
Your RTP connection comes with accelerated onboarding, full-service administration privileges to monitor transactions and professional services to support integrating front-end digital experiences.
Connection through our core agnostic, open-payment platform means your credit union can integrate RTP messaging into the front-end digital experiences you want using the providers of your choice without the limitations of legacy tech or partners.
Freedom to grow
at your own pace
Much like ACH, RTP participation offers several personas: Receive only, Send/Receive, Request for Payment (RfP). We support them all and can grow with your credit union when it’s right for you as you evolve to meet the needs of your members and business.